accounting

Collecting cash from customers takes time and patience. To bridge the cash gap, consider these creative strategies to monetize outstanding receivables.

Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.

Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.

Nonprofits: Here’s how QuickBooks can help you track your progress toward achieving financial targets for 2023 and beyond.

Many organizations use QuickBooks for everyday accounting tasks. But did you know that this software can also function as a fraud detection tool?

In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?

Do you know the three keys to lowering your company’s working capital requirements?

Coming soon! The FASB recently issued amendments to help organizations that rent property from related parties report those arrangements on their balance sheets.

Warning: Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBITDA to be added to the accounting rules.

Accounting compliance doesn’t necessarily equate with economic reality. Former Enron CFO Andrew Fastow, one of the “poster boys” for corporate fraud, warns that misstatement often happens because of ambiguity and complexity in the accounting rules.

Over time, it’s common for accounting records to become cluttered with unused and duplicate list items. Here are some ways for QuickBooks users to clean things up and make data entry more efficient.

Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.